UPS Financial News

RBL Bank RBL Bank has launched a special fixed deposit termed as 'Vijay Fixed Deposits'. This limited-time offer honors the bravery and sacrifices of India’s warriors offering significant financial rewards. The 'Vijay Fixed Deposits', has been designed to show appreciation for our military men, an RBL bank press release stated.

Ola Electric, Unicommerce, and First Cry have significantly enriched their investors, reflecting strong market interest and confidence in these companies. These successful public offerings highlight the potential of homegrown businesses in India, suggesting that the market is eager for more such opportunities. Nithin Kamath, the founder of Zerodha, acknowledged the success of these IPOs and emphasized the need for more Indian companies to follow suit. He noted that the success of these IPOs could serve as an incentive for other companies to consider going public, which would, in turn, attract more retail and institutional investors. Kamath pointed out that a steady flow of new securities is essential for the growth of the market, particularly as domestic investment continues to increase. His comments were met with a wave of responses from the public, many of whom urged Zerodha to consider its own IPO. People questioned whether Kamath would lead by example and bring Zerodha to the stock market.

By then, ALS had begun laying waste to Harrell's muscles, stealing from him one ritual after another: going on walks with his wife, holding his daughter, turning the pages of a book. «Like a night burglar,» his wife, Levana Saxon, wrote of the disease in a poem. But no theft was as devastating to Harrell, 46, as the fading of his speech. He had sung his last Whitney Houston song at karaoke. A climate activist, he had delivered his last unassisted Zoom presentation to fellow organizers.

Wall Street trading firm Jane Street has significantly reduced exposure to Grayscale Bitcoin Trust (GBTC) by 85%. The firm acquired 6,474,742 shares of the BlackRock iShares Bitcoin Trust ETF (IBIT) valued at $221 million.

The data, published today (16 August) by the Office for National Statistics, met economist forecasts, with department stores and sport equipment retailers seeing an uptick due to summer sales and sporting events such as the European Football Championship. Non-food stores sales volumes, the total of department, clothing, household, and other non-food stores, rose by 1.4% in July, following a fall of 1.9% the previous month.  UK inflation creeps up less than expected to 2.2% after two months at target Non-store retail sales volumes rose by 0.7%, which the ONS attributed mainly to a r...

Taking Odisha's dues into account, the total arrears for mineral-rich states since 2005 are expected to exceed the industry estimate of Rs 1.5 lakh crore. This figure includes financial impacts for both public sector undertakings, estimated at Rs 70,000 crore, and private industries. Starting in April 2026, Odisha will receive these pending dues in installments spread over 12 years. Additionally, the state will collect an annual tax of approximately Rs 12,000 crore under the Orissa Rural Infrastructure and Socio-Economic Development (ORISED) Act, 2004, according to government sources. Odisha enacted the ORISED Act in February 2005, but it was struck down by the Odisha High Court later that same year. However, the Supreme Court's recent verdict overturned the High Court's decision. This law permits Odisha to levy up to 20% of the annual value of mineral-bearing land. Tata Steel, in a July 31 exchange filing, disclosed that it would owe Rs 17,300 crore in mineral tax to Odisha under the Supreme Court's ruling.

Isro) on Friday successfully launched an earth observation satellite (EOS) carrying payloads featuring new technology developments in satellite mainframe systems on board a Small Satellite Launch Vehicle (SSLV) from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh. The SSLV will be transferred to private industry eventually. “The third developmental flight of SSLV is successful,” Isro said in a post on X. “The SSLV-D3 placed EOS-08 precisely into the orbit. This marks the successful completion of ISRO/DOS's SSLV Development Project. With technology transfer, the Indian industry and NSIL will now produce SSLV for commercial missions.”

On the BSE, Ganga Pharmaceutical(down 20.00 per cent), CHD Chemicals Ltd.(down 15.32 per cent), Prag Bosimi Syn(down 13.90 per cent), Shri Jagdamba(down 13.28 per cent) and OK Play India(down 11.68 per cent) were among the stocks that plunged over 5 per cent during the session.

The NSE Nifty index was trading 106.0 points up at 24249.75, while BSE Sensex was up 301.1 points at 79406.98 at the time of writing this report.

Ola Electric surged 15.8% to a day’s high of Rs 128 on the BSE after the company announced a 32% YoY increase in revenue for the first quarter of FY25, reaching Rs 1,644 crore. The company also launched its electric motorcycle, the Roadster, on August 15.

Steel Authority of India expects its blended realizations to sequentially fall another Rs 1,000 per tonne this quarter, as local steel prices continue to be weighed down by cheap Chinese imports, a senior executive said. Net sales realization, or blended steel prices for the June quarter, stood at Rs 53,700 per tonne, down Rs 800 from the March quarter. The cost of coking coal, though, is likely to remain at levels similar to the June quarter, even though prices have corrected in the last few weeks. This is because the state-owned steelmaker has stocked up higher-than-average coking coal from some of its miners with whom it has long-term agreements, Anil Kumar Tulsiani, Director (Finance), told analysts after the company’s earnings.

DLF Ltd.(up 3.6 per cent), Prestige Estates Projects Ltd.(up 1.78 per cent), Macrotech Developers Ltd.(up 1.62 per cent), Sunteck Realty Ltd.(up 1.61 per cent) and Sobha Ltd.(up 1.5 per cent) were among the top gainers.

Madras Fertilizers Ltd.(up 6.05%), Southern Petrochemicals Industries Corporation Ltd.(up 3.88%), Sikko Industries Ltd.(up 3.84%), Khaitan Chemicals & Fertilizers Ltd.(up 3.77%), Agro Phos India Ltd.(up 3.44%), Nagarjuna Fertilizers and Chemicals Ltd.(up 3.10%), Rashtriya Chemicals & Fertilizers Ltd.(up 2.44%), Chambal Fertilisers & Chemicals Ltd.(up 1.69%), Krishana Phoschem Ltd.(up 1.47%) and Madhya Bharat Agro Products Ltd.(up 1.16%) were among the top gainers.

J B Chemicals & Pharmaceuticals Ltd.(up 1.87 per cent), Natco Pharma Ltd.(up 1.59 per cent), Glenmark Pharmaceuticals Ltd.(up 1.53 per cent), Lupin Ltd.(up 1.17 per cent) and Granules India Ltd.(up 0.95 per cent) were among the top gainers.

Hindustan Zinc (HZL) fell 7.8% to a day’s low of Rs 528 on the BSE on Friday, following the opening of Vedanta’s offer for sale (OFS) at a discounted floor price of Rs 486. The mining conglomerate, which is the promoter of HZL, is selling up to 3.31% of its stake, or 14 crore shares, from August 16-19. Shares of Vedanta, which is expected to raise approximately Rs 6,498 crore from the OFS at the floor price, were trading 2% higher at Rs 430 on the BSE.

The NSE Nifty index traded 176.46 points up at 24320.2, while BSE Sensex was up 500.83 points at 79606.71 as of 09:59AM(IST)on August 16.

Aro Granite Industries Ltd.(up 2.75%), The Orissa Minerals Development Company Ltd.(up 1.57%), 20 Microns Ltd.(up 1.32%), Lexus Granito(India)Ltd.(up 0.97%), Coal India Ltd.(up 0.35%), NMDC Ltd.(up 0.18%) and Gujarat Mineral Development Corporation Ltd.(up 0.03%) were among the top gainers.

Lawyers for Walt Disney World are attempting to dismiss a wrongful death lawsuit over claims that the husband of a woman who died as a result of an allergic reaction cannot sue the company because he signed up for a free trial of Disney+.

digital assets ahead of the November election. On Wednesday night, the new group Crypto4Harris convened its first virtual gathering to discuss how it can support the Vice President's electoral campaign, while also calling for Harris to end the Biden administration's crackdown on the cryptocurrency industry. In a sign of how urgently crypto has become an election issue for Democrats, Senate Majority Leader Chuck Schumer appeared and said he wanted to pass a crypto bill this year, without elaborating.

FMCG) and consumption-related shares, with global macroeconomic volatility in the shape of weak US economic data, a declining Yen, and rising geopolitical tensions dulling the allure of growth and momentum stocks. However, money managers and analysts see limited short-term upside for FMCG stocks due to high valuations but recommend existing investors hold them for the long term. «The current outperformance of FMCG stocks can be attributed to the strengthening rural economy and investors gravitating towards defensive stocks amid global uncertainties and high valuations in many other sectors,» said George Thomas, equity fund manager at Quantum AMC.

Flights and trains in the Tokyo area have been canceled, and people were warned of strong winds, heavy rains and potential flooding and mudslides as a typhoon swerved near Japan on its way further north in the Pacific Ocean